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Updated over 7 years ago on . Most recent reply

User Stats

32
Posts
4
Votes
Edward Shen
  • Philadelphia, PA
4
Votes |
32
Posts

Trying to Learn and Start my first House Flip

Edward Shen
  • Philadelphia, PA
Posted

Hi Everyone,

My name is Edward, I am 24 and trying to start investing into real estate. Currently I am working as a full time employee and want to start investing on the side. I got interested in investing in real estate when I start watching HGTV a little too much and from my dad who is also into real estate. I live in Philadelphia and am interested in possibly flipping houses. I know that investing in house flip is totally different from what we see on TV and that there a lot of things that we just don't know or learn on TV. 

My question for everyone is that, where should I start and how should I start planning on my first house flip investment? Will like to be able to talk with someone around the area for some personal insights. 

Thanks in advance

-Ed

Most Popular Reply

User Stats

71
Posts
34
Votes
Kevin Wiley
  • Lender
  • Largo, FL
34
Votes |
71
Posts
Kevin Wiley
  • Lender
  • Largo, FL
Replied

Hey Ed great question. I'm in a similar. Situation, but just a small step further down the road. I'm 25, work full time, and I'm currently in the middle of my first flip. 

The best advice is the same as you hear on the podcast: go to a local REIA meeting and start getting to know people in your network.

Always continue listening to the BiggerPockets podcast and furthering your self-education to help avoid expensive mistakes. 

Do you have any money to use for investing? 

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